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Ann: Race Board and Management Team Changes, page-335

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ma420

7,210 Posts.

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25/08/23

09:36

Post #: 69542273
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Originally posted by Kron00: ↑

I don't actually think the board looked too far into the selling either, if they did it would have been very easy to see who was and who wasn't. The very low amount of volume that caused the decline tells more of the story.

I think it was a few loud voices behind closed doors that might have gone something like "fix this or we will"

The unfunded strategy certainly was a factor, as these voices are obviously the most concerned about dilution. A problem i feel race has always had is playing small, and not spending a little money to make money or considering how much time / opportunity cost.

Ive seen many businesses, usually when owners are running it, or the person in charge has a lot of skin in the game, they play from a scarcity mindset not a scale one. Sometimes you just need to go hard and get some momentum which i felt was exactly what was happening.

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I agree. Raise the funds, hire more people, cover more geographies…if there is more we achieve in the same or less time. We should play to win BIG, not stay around for another 5 years in the small league.

RAC Price at posting: 90.0¢ Sentiment: None Disclosure: Held
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(20min delay)
Last $1.49		Change -0.035(2.30%)		Mkt cap ! $254.0M

Open	High	Low	Value	Volume
$1.55	$1.55	$1.45	$225.9K	151.9K

Buyers (Bids)

No.	Vol.	Price($)
1	600	$1.49

Sellers (Offers)

Price($)	Vol.	No.
$1.49	24	1

View Market Depth

No.	Vol.	Price($)
1	600	1.485
1	650	1.455
2	35000	1.450
1	2000	1.445
1	5000	1.440

Price($)	Vol.	No.
1.490	24	1
1.505	649	1
1.510	10381	3
1.540	1500	1
1.545	359	1

Last trade - 16.10pm 21/10/2024 (20 minute delay)

RAC (ASX) Chart

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